BlackRock High Yield Municipal Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.7%
1 yr return
17.0%
3 Yr Avg Return
-0.8%
5 Yr Avg Return
1.7%
Net Assets
$1.65 B
Holdings in Top 10
17.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.95%
SALES FEES
Front Load 4.25%
Deferred Load N/A
TRADING FEES
Turnover 23.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MDYHX - Profile
Distributions
- YTD Total Return 6.7%
- 3 Yr Annualized Total Return -0.8%
- 5 Yr Annualized Total Return 1.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.20%
- Dividend Yield 4.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBlackRock High Yield Municipal Fund
-
Fund Family NameBlackRock-advised Funds
-
Inception DateAug 01, 2006
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTheodore Jaeckel
Fund Description
MDYHX - Performance
Return Ranking - Trailing
Period | MDYHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.7% | -1.0% | 12.0% | 25.49% |
1 Yr | 17.0% | 2.4% | 21.7% | 11.27% |
3 Yr | -0.8%* | -8.2% | 3.1% | 64.82% |
5 Yr | 1.7%* | -5.0% | 3.8% | 26.15% |
10 Yr | 3.5%* | -0.4% | 155.7% | 21.71% |
* Annualized
Return Ranking - Calendar
Period | MDYHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.6% | -6.2% | 7.5% | 60.29% |
2022 | -18.4% | -26.9% | -3.5% | 67.16% |
2021 | 5.6% | -1.9% | 5.6% | 1.01% |
2020 | 0.8% | -4.0% | 4.2% | 39.59% |
2019 | 5.8% | -0.7% | 9.1% | 31.41% |
Total Return Ranking - Trailing
Period | MDYHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.7% | -1.0% | 12.0% | 25.49% |
1 Yr | 17.0% | 2.4% | 21.7% | 11.27% |
3 Yr | -0.8%* | -8.2% | 3.1% | 64.82% |
5 Yr | 1.7%* | -5.0% | 3.8% | 26.15% |
10 Yr | 3.5%* | -0.4% | 155.7% | 21.71% |
* Annualized
Total Return Ranking - Calendar
Period | MDYHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.2% | -4.1% | 10.9% | 45.10% |
2022 | -15.3% | -26.9% | 4.3% | 72.14% |
2021 | 9.2% | -1.9% | 10.0% | 3.54% |
2020 | 3.5% | -2.6% | 8.2% | 53.30% |
2019 | 9.7% | -0.7% | 1028633.9% | 25.13% |
NAV & Total Return History
MDYHX - Holdings
Concentration Analysis
MDYHX | Category Low | Category High | MDYHX % Rank | |
---|---|---|---|---|
Net Assets | 1.65 B | 9.79 K | 16.6 B | 38.61% |
Number of Holdings | 703 | 1 | 3325 | 34.83% |
Net Assets in Top 10 | 282 M | -102 M | 3.51 B | 33.33% |
Weighting of Top 10 | 17.08% | 4.6% | 98.8% | 28.50% |
Top 10 Holdings
- BlackRock Liquidity Funds: MuniCash, Institutional Shares 5.78%
- City of San Antonio TX 1.80%
- PUERTO RICO CMWLTH 1.67%
- PORT BEAUMONT TX NAV DIST DOCK WHARF FAC REVENUE 1.31%
- SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE 1.29%
- PUERTO RICO CMWLTH 1.23%
- BUCKEYE OH TOBACCO SETTLEMENT FING AUTH 1.04%
- ARKANSAS ST DEV FIN AUTH INDL DEV REVENUE 1.02%
- FLORIDA ST DEV FIN CORP 1.01%
- OKLAHOMA ST DEV FIN AUTH 0.93%
Asset Allocation
Weighting | Return Low | Return High | MDYHX % Rank | |
---|---|---|---|---|
Bonds | 92.75% | 0.00% | 146.69% | 94.12% |
Cash | 7.58% | -0.64% | 100.00% | 2.99% |
Stocks | 0.00% | 0.00% | 99.62% | 36.27% |
Preferred Stocks | 0.00% | -47.61% | 0.00% | 15.42% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 8.96% |
Other | -0.01% | -5.59% | 5.07% | 91.04% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MDYHX % Rank | |
---|---|---|---|---|
Municipal | 93.42% | 0.00% | 100.00% | 85.07% |
Cash & Equivalents | 7.58% | 0.00% | 100.00% | 2.99% |
Securitized | 0.00% | 0.00% | 22.44% | 14.43% |
Corporate | 0.00% | 0.00% | 2.83% | 55.22% |
Government | 0.00% | 0.00% | 0.09% | 13.43% |
Derivative | -0.01% | -7.53% | 2.16% | 91.04% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MDYHX % Rank | |
---|---|---|---|---|
US | 92.75% | 0.00% | 139.84% | 92.04% |
Non US | 0.00% | 0.00% | 13.35% | 16.92% |
MDYHX - Expenses
Operational Fees
MDYHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.95% | 0.22% | 3.44% | 49.26% |
Management Fee | 0.46% | 0.00% | 1.41% | 34.80% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 36.70% |
Administrative Fee | N/A | 0.02% | 0.35% | N/A |
Sales Fees
MDYHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 4.25% | 1.00% | 4.50% | 25.58% |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
MDYHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MDYHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 23.00% | 2.00% | 121.00% | 61.90% |
MDYHX - Distributions
Dividend Yield Analysis
MDYHX | Category Low | Category High | MDYHX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.02% | 0.00% | 5.94% | 55.88% |
Dividend Distribution Analysis
MDYHX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
MDYHX | Category Low | Category High | MDYHX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.20% | 1.11% | 5.44% | 50.00% |
Capital Gain Distribution Analysis
MDYHX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.031 | OrdinaryDividend |
Aug 30, 2024 | $0.031 | OrdinaryDividend |
Jul 31, 2024 | $0.030 | OrdinaryDividend |
Apr 30, 2024 | $0.029 | OrdinaryDividend |
Mar 28, 2024 | $0.029 | OrdinaryDividend |
Feb 29, 2024 | $0.029 | OrdinaryDividend |
Jan 31, 2024 | $0.029 | OrdinaryDividend |
Dec 29, 2023 | $0.029 | OrdinaryDividend |
Nov 30, 2023 | $0.029 | OrdinaryDividend |
Oct 31, 2023 | $0.030 | OrdinaryDividend |
Sep 29, 2023 | $0.029 | OrdinaryDividend |
Aug 31, 2023 | $0.030 | OrdinaryDividend |
Jul 31, 2023 | $0.029 | OrdinaryDividend |
Jun 30, 2023 | $0.029 | OrdinaryDividend |
May 31, 2023 | $0.028 | OrdinaryDividend |
Apr 28, 2023 | $0.027 | OrdinaryDividend |
Mar 31, 2023 | $0.028 | OrdinaryDividend |
Feb 28, 2023 | $0.029 | OrdinaryDividend |
Jan 31, 2023 | $0.029 | OrdinaryDividend |
Dec 30, 2022 | $0.028 | OrdinaryDividend |
Nov 30, 2022 | $0.028 | OrdinaryDividend |
Oct 31, 2022 | $0.028 | OrdinaryDividend |
Sep 30, 2022 | $0.028 | OrdinaryDividend |
Aug 31, 2022 | $0.026 | OrdinaryDividend |
Jul 29, 2022 | $0.026 | OrdinaryDividend |
Jun 30, 2022 | $0.026 | OrdinaryDividend |
May 31, 2022 | $0.026 | OrdinaryDividend |
Apr 29, 2022 | $0.027 | OrdinaryDividend |
Mar 31, 2022 | $0.026 | OrdinaryDividend |
Feb 28, 2022 | $0.026 | OrdinaryDividend |
Jan 31, 2022 | $0.024 | OrdinaryDividend |
Dec 31, 2021 | $0.023 | OrdinaryDividend |
Dec 07, 2021 | $0.001 | CapitalGainShortTerm |
Dec 07, 2021 | $0.001 | OrdinaryDividend |
Dec 07, 2021 | $0.029 | CapitalGainLongTerm |
Nov 30, 2021 | $0.024 | OrdinaryDividend |
Oct 29, 2021 | $0.025 | OrdinaryDividend |
Sep 30, 2021 | $0.023 | OrdinaryDividend |
Aug 31, 2021 | $0.023 | OrdinaryDividend |
Jul 30, 2021 | $0.024 | OrdinaryDividend |
Jun 30, 2021 | $0.025 | OrdinaryDividend |
May 28, 2021 | $0.025 | OrdinaryDividend |
Apr 30, 2021 | $0.026 | OrdinaryDividend |
Mar 31, 2021 | $0.026 | OrdinaryDividend |
Feb 26, 2021 | $0.024 | OrdinaryDividend |
Jan 29, 2021 | $0.028 | OrdinaryDividend |
Dec 31, 2020 | $0.029 | OrdinaryDividend |
Dec 08, 2020 | $0.002 | OrdinaryDividend |
Nov 30, 2020 | $0.028 | OrdinaryDividend |
Oct 30, 2020 | $0.028 | OrdinaryDividend |
Sep 30, 2020 | $0.029 | OrdinaryDividend |
Aug 31, 2020 | $0.028 | OrdinaryDividend |
Jul 31, 2020 | $0.027 | OrdinaryDividend |
May 29, 2020 | $0.028 | OrdinaryDividend |
Jan 31, 2020 | $0.028 | OrdinaryDividend |
Dec 31, 2019 | $0.029 | OrdinaryDividend |
Dec 10, 2019 | $0.000 | CapitalGainShortTerm |
Nov 29, 2019 | $0.028 | OrdinaryDividend |
Oct 31, 2019 | $0.028 | OrdinaryDividend |
Sep 30, 2019 | $0.028 | OrdinaryDividend |
Aug 30, 2019 | $0.029 | OrdinaryDividend |
Jul 31, 2019 | $0.028 | OrdinaryDividend |
Dec 07, 2018 | $0.001 | CapitalGainShortTerm |
Dec 08, 2017 | $0.003 | CapitalGainShortTerm |
Dec 09, 2016 | $0.001 | CapitalGainShortTerm |
Dec 04, 2015 | $0.003 | CapitalGainShortTerm |
Dec 05, 2014 | $0.002 | CapitalGainShortTerm |
Dec 17, 2013 | $0.005 | CapitalGainShortTerm |
Dec 19, 2012 | $0.001 | CapitalGainShortTerm |
Dec 19, 2011 | $0.000 | CapitalGainShortTerm |
Dec 20, 2010 | $0.004 | CapitalGainShortTerm |
Dec 18, 2009 | $0.005 | CapitalGainShortTerm |
Dec 20, 2007 | $0.017 | CapitalGainShortTerm |
Dec 20, 2007 | $0.003 | CapitalGainLongTerm |
Dec 19, 2006 | $0.002 | CapitalGainShortTerm |
MDYHX - Fund Manager Analysis
Managers
Theodore Jaeckel
Start Date
Tenure
Tenure Rank
Aug 01, 2006
15.84
15.8%
Jaeckel Jr. is managing director at BlackRock. He joined BlackRock following the merger with Merrill Lynch Investment Managers (MLIM) in 2006. He is a member of BlackRock's Fixed Income Portfolio Management Group. Prior to joining MLIM in 1990, he was a municipal bond trader with Chemical Bank. Jaeckel holds the Chartered Financial Analyst designation.
Walter O'Connor
Start Date
Tenure
Tenure Rank
Dec 06, 2006
15.49
15.5%
Walter O’Connor, CFA, is a Managing Director and Co-Head of the Municipal Funds team within BlackRock’s Global Fixed Income Group. He is also a member of the Municipal Bond Operating Committee, which oversees all municipal bond portfolio management, research and trading activities. Mr. O’Connor’s service with the firm dates back to 1991, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he was a portfolio manager for municipal bond retail mutual funds. Prior to joining MLIM, Mr. O’Connor was with Prudential Securities, where he was involved in trading, underwriting, and arbitrage for municipal securities and financial futures. Mr. O’Connor earned a B.A. degree in finance and philosophy from the University of Notre Dame in 1984.
Michael Perilli
Start Date
Tenure
Tenure Rank
Feb 01, 2020
2.33
2.3%
Jointly and primarily responsible for the day-to-day management of the Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. Vice President of BlackRock, Inc. since 2017;Associate of BlackRock, Inc. since 2011.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 21.43 | 7.55 | 2.52 |